Latest Takeover Proposal News

Ingenia Communities has granted Warburg Pincus non-exclusive access to initial due diligence on its $5.25-per-security takeover proposal, bringing the rival approach into a more serious evaluation phase. The board has not endorsed the proposal and continues to progress its acquisition of Peet.

EQT Infrastructure has reaffirmed its intention to pursue a takeover of Cleanaway at no less than its indicative offer price, clearing another hurdle in the non-binding process. The parties are now working towards an implementation deed, but a binding transaction remains uncertain.

Steadfast Group has disclosed a notice from Pentwater Capital Management concerning equity derivatives under Takeovers Panel guidance. The filing does not reveal the position’s size, direction, counterparties or economic exposure, leaving its significance unresolved.

Warburg Pincus has lifted its non-binding proposal for Ingenia Communities to $5.25 cash per stapled security, but the revised approach remains conditional on due diligence, board support and financing. Ingenia has not recommended the offer and says no transaction is certain.

Northern Star has unanimously rejected Gold Fields' unsolicited takeover proposal, saying its mixed cash-and-scrip offer undervalued the company and arrived ahead of important operational milestones. The implied value of the proposal has since fallen from A$27.00 to A$25.19 per Northern Star share.

IDP Education has rejected a second, higher takeover proposal from Blackstone, saying the $2.50-per-share offer fails to capture the value of its platform and transformation program. The confidential, non-binding proposal leaves open the question of whether Blackstone will return with a revised bid.

EQT Holdings says the indicative takeover prices from TPG Global and BGH Capital do not reflect the value of Equity Trustees, but has opened the door to improved proposals. Both parties have confirmed their prices will not be reduced by EQT's 20-cent FY26 final dividend.

Ingenia Communities has rejected Warburg Pincus’s revised $5.05 per stapled security proposal, saying the offer substantially undervalues the group. The board remains open to a higher-value approach, leaving the takeover discussion unresolved.

Reliance Worldwide Corporation has signed a binding scheme implementation deed for Brookfield to acquire all shares for US$3.38 each, equivalent to about A$4.75 at the stated exchange rate. The recommended deal now enters a limited window for rival proposals before shareholder, court and regulatory approvals are sought.

FleetPartners has received revised takeover proposals from SG Fleet, ORIX and the Sumitomo Consortium, with ORIX and Sumitomo offering the highest disclosed price of $4.65 per share. Element has withdrawn, while the three remaining bidders receive further due diligence access, although no binding deal is assured.

Atlantic Lithium has reported a year of major progress at its Ewoyaa lithium project, including Ghanaian parliamentary approval of its mining lease and a proposed US$210 million takeover by Zhejiang Huayou Cobalt. But the audited accounts also flag material uncertainty over funding if the scheme does not proceed.

oOh!media and I Squared Capital have revised the definition of 'Superior Proposal' in their takeover agreement, setting a 3% premium threshold for competing bids within a four-week window from the scheme date.